Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Companies Act 2014 section 1181
Prohibition on certain provisions in constitution, etc. and issuing of shares
Section 1181 prohibits a company limited by guarantee (CLG) from including provisions in its constitution that grant profit-sharing rights to non-members, and prevents a CLG from dividing its undertaking into shares or issuing shares.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.